Reddit Loves Waste Management (WM) as a Top Non-AI Stock, Here’s Why

We recently published Top 10 Non-AI Stocks Redditors are Buying Ahead of Potential Bubble Burst. Waste Management Inc (NYSE:WM) is one of the top non-AI stocks Redditors are buying.

Redditors believe any bubble burst or crash won’t significantly impact Waste Management Inc (NYSE:WM), one of the biggest garbage collection companies in the US.  Baird analysts recently upgraded the stock to Outperform from Neutral, citing strong fundamentals. Waste Management Inc (NYSE:WM) shares are up 8% over the past year. Baird analyst David Manthey believes the company has strong FCF, among other secular catalysts.

Waste Management has about 18% of the total addressable market as of last year. It owns about 10% of landfills in the US. The company has diversified into recycling, healthcare waste, and renewable energy. Recycling accounted for about 7% of its total revenue last year. WM has seen a CAGR of 8.5% in revenue since 2020, higher than the sector median of 4%.

Pixabay/Public Domain

Parnassus Core Equity Fund stated the following regarding Waste Management, Inc. (NYSE:WM) in its Q1 2025 investor letter:

“Waste Management, Inc. (NYSE:WM), along with other consumer-facing service companies, benefited from investors fleeing risk as uncertainty gripped the markets. The stock is viewed as defensive because its core business is relatively unaffected by an economic slowdown and tariffs.”

While we acknowledge the risk and potential of WM as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than WM and that has 10,000% upside potential, check out our report about this cheapest AI stock.

READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now.

Disclosure: None. This article is originally published at Insider Monkey.